Reply to post: Re: All conspiracy theorists take a step back from their keyboard

UK hospitals lose millions after AI startup valuation collapses

Doctor Syntax Silver badge

Re: All conspiracy theorists take a step back from their keyboard

"Entirely through the stupidity of the Trusts' senior management. The money never existed, but was put on the balance sheet as though it did!"

IANAA but I'd expect that there are accounting rules saying that the value of the shares had to go on the balance sheet just like the value of the buildings, the furniture, the contents of the pharmacy and everything else. If they hadn't done that the shit would really have hit the fan when the auditors discovered the fact.

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